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Information Disclosure and IR

Policy on Information Disclosure

In accordance with the Toshiba Group Standards of Conduct, the basic policy of Toshiba Investor Relations activities is to provide proper and timely disclosure of corporate information, such as management policies and financial data, in order to allow investors to obtain a correct understanding of Toshiba.

Toshiba Group Standards of Conduct Chapter 1 13. Corporate Communications

Information Disclosure Policy

Basic Policy on Profit Distribution

Toshiba, while giving full consideration to such factors as the strategic investments necessary to secure medium- to long-term growth, seeks to achieve continuous increases in its actual dividend payments, in line with a payout ratio in the region of 30 percent, on a consolidated basis.

Basic Policy on Profit Distribution

Information Disclosure Framework

Regulations/Standards and procedures for timely disclosure were established on October 1, 2003, which defined responsibilities for related work.

Internal system for information disclosure

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Information Disclosure Checks and Audits

Toshiba clarifies the delegation of authority, enhances internal control, and ensures the appropriateness of information content by assigning multiple divisions to prepare and verify management policies, financial data, and other corporate information from their individual perspectives. Toshiba does its utmost to ensure reliable, timely disclosure based on double checking by the division concerned and Legal Affairs Division.

Evaluation of the IR Website by External Parties

Toshiba's constant upgrades of its IR website to ensure fair disclosure have earned recognition. Awards won by the website in FY2012 are indicated below, and the site also gained high evaluations from several agencies that survey Socially Responsible Investment (SRI).

Evaluation of the IR Website by External Parties (FY2012)
Organization Toshiba's Achievement
Gomez IR Site Ranking by Morning Star Japan k. k.
(surveyed: 3,502 Japanese companies)
Excellent Company: Gold Medal
Internet IR Best Company Award by Daiwa Investor Relations Co., Ltd.
(surveyed: 3,593 Japanese companies)
Grand Prix (Best Company Award 2012 for eight consecutive years)
Special Award (English version of the website)
Ranking Survey of Excellent Websites by Nikko Investor Relations Co., Ltd.
(surveyed: 3,570 Japanese companies)
Second place overall
Evaluation by SRI (FY2012)
Organization Toshiba's Achievement
Member of Dow Jones Sustainability Index (DJSI) Selected for 14 consecutive years since 2000
Corporate Integrity and Transparency Survey by Integrex (Japan) 6th place
The 11th JCGI Index Survey by Japan Corporate Governance Research Institute, Inc. 6th place

Evaluation by External Parties

Timely, Appropriate and Proactive IR Activities

Toshiba discloses information in a timely and appropriate manner in accordance with pertinent laws and regulations. We also disclose important corporate information that is likely to influence investor decisions even when such disclosure is not required by law or regulation.
Toshiba Group is striving to promote deeper understanding among investors showing high interest in its individual businesses chiefly by hosting meetings to explain about such businesses while paying attention to the timing of disclosure and by participating in seminars organized by securities firms.

Communication with Shareholders and Investors

Communication with Individual Shareholders

Shareholder Newsletter
Shareholder Newsletter

Publication of Shareholder Newsletters

Toshiba Group strives to communicate with individual shareholders through our shareholder newsletters and also gave lectures on our elevator business at the seminar hosted by IR support companies.

Enhancement of IR Website

We updated our corporate investor relations website by adding a smartphone-accessible homepage in order to allow smartphone users to easily use the website as well as by offering a menu that organizes all content related to corporate governance.

IR website

Questionnaire survey on the IR website

General Meeting of Shareholders

We held the General Meeting of Shareholders at Tokyo on June 22, 2012. The meeting was attended by 4,665 shareholders. We will continue to enhance our communication with our shareholders through such meetings.
At the site, there were exhibition corners set up to easily explain to the shareholders about various Toshiba products such as electronic devices, social infrastructure systems, digital products, home appliances and medical equipment as well as Toshiba Group’s relief efforts in the Great East Japan Earthquake that hit northern part of Japan on March 11, 2011. Also, copies of Toshiba Group CSR-Report, which features the various CSR efforts for the Group, and Toshiba Group Annual Report 2012 were distributed at the meeting.

Communication with Institutional Investors and Securities Analysts

In FY2012, Toshiba hosted meetings to explain its R&D strategy and outlined its storage business at seminars for investors organized by securities companies. In February 2013, Toshiba managers made visits to overseas institutional investors to explain and promote understanding of Toshiba Group’s CSR programs and heard their various opinions, including challenges and expectations. The managers also visited overseas institutional investors to explain about our ESG (Environment, Society, and Governance) factors in measuring an investment in a company or business.

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